ETH Is NOT Ultrasound Money with Jon Charbonneau
Bankless
Bankless
4.7 ā¢ 1.2K Ratings
šļø 22 February 2023
ā±ļø 78 minutes
šļø Recording | iTunes | RSS
š§¾ļø Download transcript
Summary
In today's episode, Jon unpacks his relatively controversially titled new piece, "ETH Is Not Ultrasound Money: Part 1"
Is ETH doomed? Was Ultrasound money a myth? Tune in to hear Jon's arguments.Ā
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Timestamps:
0:00 Intro
5:06 Jon's Argument
11:30 Triple Point Asset Thesis
17:52 ETH
18:53 The Disagreement
22:10 SemanticsĀ
26:40 ProfitĀ
30:00 PoW vs. PoS
33:15 Does Issuance Matter? & L1s & L2s
37:57 Blockchain SustainabilityĀ
42:00 Deflation vs. Inflation Value
47:50 How is Jon's Argument Bullish?
51:35 Alt L1s Issuance
59:20 Jon's Model Spreadsheet
1:17:53 Closing & Disclaimers
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Resources:
Jon Charbonneau
https://twitter.com/jon_charbĀ
Jon's Essay
https://joncharbonneau.substack.com/p/eth-is-not-ultrasound-money-partĀ
Jon's Model Spreadsheet
https://docs.google.com/spreadsheets/d/1UlxKC98STwN-AoonytC-qOscZ_99fAMpMvB6EfGGe9E/edit#gid=0Ā
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Transcript
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| 0:00.0 | ETH is not ultrasound money, I can't believe I said that, it was choked on the words. |
| 0:10.8 | David, why is that the subject of today's episode? |
| 0:14.0 | What in the world are we talking about? |
| 0:15.0 | Isn't this sacrilege? |
| 0:16.0 | Yeah, so we have a new framework on the scene for understanding ETH, the asset. |
| 0:21.0 | And this is coming from John Chobano, Chobano, who is proposing this alternative perspective |
| 0:27.8 | on understanding ETH or the asset. |
| 0:30.4 | And he is starting to push back against some of the frameworks that you and I have proposed, |
| 0:35.5 | Ryan. |
| 0:36.5 | Things like blockchain profitability, inflation versus deflation, ETH as ultrasound money. |
| 0:41.8 | So there's a new framework on the scene that John is bringing to the table. |
| 0:45.4 | And so John perhaps has a thing to teach us about ETH or the asset, our beloved asset, |
| 0:50.5 | Ryan. |
| 0:51.5 | And so we're going to investigate this new framework, this new model for understanding |
| 0:55.7 | ETH or as put forth by John. |
| 0:58.4 | And that is the topic of today's episode. |
| 1:00.2 | I'm not sure I'm ready, David. |
| 1:01.6 | Yeah. |
| 1:02.6 | I'll have to really open my mind on this one. |
| 1:04.8 | But yeah, really looking forward to someone who's been down the rabbit hole and gone pretty |
| 1:09.0 | deep pretty quickly. |
| 1:10.0 | I remember the last time we had John on, he taught us a thing or two about Ethereum's |
... |
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